Future Energy Ventures is a Berlin-based venture capital firm investing in digital and asset-light energy technologies to accelerate the global energy transition. It was formed in 2020 after the merger of E.ON and Innogy, combining both companies' CVC portfolios into an independent VC platform.
Founded 2020
Type Venture capital 2 Fund II — main vehicle 2025-11 2025-11 €205M Closed main vehicle EUR205m; separate Italian companion EUR30m. Publication2025-12-16 datelined November, Vestbee2025-11-27; exact closing day unknown. Earlier2024-01-30 first close EUR110m and EUR250m target superseded. Marketing Fund II versus legal LP Fund I nomenclature unresolved.
Italian companion vehicle 2025-11 2025-11 €30M Closed Italian companion EUR30m financed by CDP alongside main EUR205m vehicle; combined EUR235m across two vehicles, not main fund size. Exact closing day unknown.
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$2M $1M – $10M Berlin, Germany $1M $100K – $5M Germany $1M $100K – $5M Germany $1M $100K – $5M Palo Alto, California $1M $100K – $5M San Francisco Bay Area — $100K – $5M Germany — $100K – $5M Germany — $100K – $5M Germany — $100K – $5M Germany — $100K – $5M Germany — — – — — — – — — — – — — — – — — — – — — — – — — — – — — — – —
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$10M 2025-09-15 Feld Energy HV Capital , Future Energy Ventures $10M 2025-07-08 Holo-Light Future Energy Ventures $8M 2025-07-07 Chloris Geospatial Future Energy Ventures $11M 2025-06-04 Jua Future Energy Ventures , 468 Capital $45M 2025-05-29 Buildots Future Energy Ventures €25M 2023-09-05 nuventura FORWARD.one , Future Energy Ventures , IBB Ventures $33M 2023-07-27 ev.energy Future Energy Ventures $— 2023-03-22 Piclo Future Energy Ventures $— 2023 Virta Future Energy Ventures $60M 2022-05-17 Buildots Lightspeed , Viola Ventures , O.G. Venture Partners , TLV Partners , Maor Investments , Future Energy Ventures $11M 2022-05-11 Oriient OurCrowd , F2 Venture Capital , Future Energy Ventures $16M 2022-05-09 Akselos Future Energy Ventures $30M 2021-08-04 Buildots Lightspeed , TLV Partners , Maor Investments , Future Energy Ventures $1M 2020 SOLshare Future Energy Ventures $1M 2018 SOLshare Future Energy Ventures $787K 2017-09-28 Libryo Future Energy Ventures $8M Unknown date Station A Future Energy Ventures $— Unknown date Lumenaza GmbH Future Energy Ventures $— Unknown date Kugu Future Energy Ventures $— Unknown date dabbel Future Energy Ventures $8M 2025-07-07 Chloris Future Energy Ventures $11M 2025-06-04 Jua.ai Future Energy Ventures €30M 2024-11-01 eSmart System Future Energy Ventures $— 2023-09-13 Prisma Photonics Future Energy Ventures $— 2022-09-05 Jungle AI Future Energy Ventures $— Unknown date Lumenaza Future Energy Ventures
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team@apexlogos.ai · 10 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and stages
| Vehicle/metric | Amount and status | Evidence and date |
| --- | --- | --- |
| Fund II main vehicle | **€205 million closed**, latest-known final close located | [FEV official close](https://fev.vc/fev-closes-e235-million-fund-to-accelerate-the-independent-energy-future/ ), page dated 2025-12-16, text datelined Berlin, November; [Vestbee](https://www.vestbee.com/insights/articles/future-energy-ventures-closes-235-m-fund ), 2025-11-27, confirms separate components. |
| Italian companion vehicle | **€30 million closed**, fully financed by CDP, investing alongside main fund | Same official close announcement. Combined €235 million is across two vehicles, not the main vehicle alone. |
| Fund II earlier first close/target | **€110 million secured**, **€250 million target**, January 2024 | [FEV first-close announcement](https://fev.vc/110-million-euro-fund-for-the-digitalization-of-the-energy-transition-established/ ), 2024-01-30. Q4 2024 projected final close was a forecast, superseded by the 2025 close. |
| Legacy portfolio at 2020 launch | Reported portfolio valuation **€250 million** | [Tech.eu](https://tech.eu/2020/10/08/future-energy-ventures-launch ), 2020-10-08. Do not treat this inherited portfolio valuation as a fresh €250 million closed fund or current AUM. |
| Aggregate capital | Firm newsletter states **$0.6 billion total committed capital across FEV funds** | [FEV newsletter](https://www.linkedin.com/pulse/powering-ai-fuel-from-fev-futureenergyventures-dizff ), published 2026-07-23, discussing H1 2026. Rounded firm claim, not a reconciled AUM figure. |
The [official homepage/FAQ](https://fev.vc/ ), undated, supports Series A and beyond, proven product-market fit, asset-light scalable companies, and frontier technologies including AI, cybersecurity, robotics and advanced computing linked to energy/infrastructure. It gives **€1–5 million Series A tickets** and **€5–10 million later-stage tickets**. The 2025 fund-close announcement emphasizes Series A/B. These current euro amounts take precedence over Signal's person-level dollar range for describing FEV's stated mandate. Historical exceptions exist: [FEV's Feld announcement](https://fev.vc/fev-particiaptes-in-feld-energys-e10m-round-to-further-accelerate-agricultural-photovoltaics/ ), 2025-09-15, explicitly records participation in more than €10 million seed financing; it does not establish a broad current seed mandate.
Searches for a newer 2026 fund close located continuing Fund II deployment rather than another verified fundraise. The 2026-07-23 newsletter names GridCARE, Solarize and Reel as H1 additions. [FEV GridCARE investment insight](https://fev.vc/investment-insights-gridcare-unlocking-grid-capacity-for-the-ai-era/ ), 2026-05-21, describes Stanford-developed grid technology, proprietary utility models and physics-based AI for flexible data-center interconnection. This is an additional 2026 deep-tech candidate with firm-level attribution, although a precise investing-vehicle mapping was not established. [Axios](https://www.axios.com/newsletters/axios-pro-rata-dfd8d7b3-a964-49f5-8d96-6e227ddf0d97 ), May 2026, reports a $64 million Series A including FEV; exact publication day was not established from the indexed excerpt. Exact legal fund names/vehicle numbering need attention: [BGK's 2025 annual management report](https://integratedreport.bgk.pl/2025/assets/pdf/raport_2025_en.pdf ), published 2026, calls its €20 million commitment “Future Energy Ventures Fund I,” while FEV markets the new external-LP strategy as Fund II. Do not resolve this naming discrepancy without legal documents; an LP commitment is not fund size.
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Fund II — main vehicle | EUR 205000000 | 2025-11 |
| Italian companion vehicle | EUR 30000000 | 2025-11 | SHOW MORE
team@apexlogos.ai · 11 hours ago
Match research 2026-10-06 / GoldiFutureEnergyVentures / sha256:20f3bb451d15dccbb56c4ae46f6216b179a2957467db40d364f15ababbc78f9d / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| **Nuventura** | SF6-free medium-voltage gas-insulated switchgear; substantive power-equipment engineering. | **€25 million Series A**, **2023-09-05**; FEV listed as an existing investor participating alongside new investors; Mirova led. | [Official FEV announcement](https://fev.vc/nuventura-secures-e25-million-in-series-a-funding-to-accelerate-global-energy-industrys-transition-away-from-harmful-greenhouse-gases/ ), 2023-09-05. The 2026 firm newsletter mentions a trade sale, so distinguish historical investment from current ownership. |
| **Prisma Photonics** | Optical/fiber sensing and AI for long-range infrastructure monitoring; photonics and sensing deep tech. | Approximately **$20 million Series C**, **2023-09-13**, FEV participant, Insight Partners lead. | [Prisma-issued release](https://www.prnewswire.com/news-releases/ai-driven-grid-resilience-firm-prisma-photonics-secures-approximately-20-million-led-by-insight-partners-to-monitor-large-scale-critical-infrastructure-towards-net-zero-emissions-301926347.html ), 2023-09-13. The announcement still describes FEV as E.ON's platform; do not infer the precise investing legal vehicle. |
| **Buildots** | Computer vision applied to physical construction progress; applied industrial AI, a broader/borderline deep-tech classification compared with photonics or switchgear. | **$45 million Series D**, **2025-05-29**, FEV participant; Qumra Capital led. | [Buildots-issued release](https://www.prnewswire.com/il/news-releases/buildots-raises-45-million-to-scale-ai-powered-operational-excellence-in-construction-302468184.html ), 2025-05-29. Older snapshot rounds sourced only to Goldi were not revalidated. |
| **eSmart Systems** | AI-driven inspection and maintenance of physical energy infrastructure; applied computer vision/industrial AI, classification conditional on proprietary technology depth. | **€30 million financing**, company date **2024-11-01**, FEV explicitly a participating existing owner; TiLT led. | [FEV-hosted company announcement](https://fev.vc/esmart-systems-raises-eur-30million-in-investment-to-accelerate-growth/ ), posted 2024-11-07. |
[FEV portfolio](https://fev.vc/portfolio/ ), undated, provides an additional current attribution cross-check. Energy software, EV charging management and marketplaces can enable technical infrastructure without automatically qualifying as deep tech. Therefore Piclo, reev, ev.energy, Lumenaza, Station A, Libryo and Feld are not blanket-classified as deep tech solely from sector/portfolio membership.
## Neurotech and attribution trap
**No verified neurotech investment found in the sources checked.** Reviewed the exact Adex investment list, NFX profiles, official portfolio and searches combining FEV with neurotech, neuroscience and brain. General AI, computer vision, satellite sensing and photonics for grids do not establish neural interfaces, neural stimulation or brain monitoring investments.
A [BrainWave newsletter](https://www.linkedin.com/pulse/brainwave-novemberdecember-wrap-up-ryan-tosh-gighe ), November/December 2025 wrap-up, incorrectly calls NeuroBionics' seed lead “Future Energy Ventures.” The [official NeuroBionics release](https://neurobionics.io/press/news/neurobionics-announces-oversubscribed-10m-seed-round-with-second-close-led-by-future-ventures/ ), **2025-12-16**, names **Future Ventures**, with Steve Jurvetson quoted in that firm's capacity, as second-close lead of the **$10 million total seed**. The [MedTech Innovator repost](https://medtechinnovator.org/neurobionics-announces-oversubscribed-10m-seed-round-with-second-close-led-by-future-ventures/ ), same date, agrees. NeuroBionics is direct neuromodulation technology but is **excluded from FEV's investments** on this evidence. This is a firm-name conflation, not evidence of a FEV neurotech deal.
## Conflicts, gaps and later Adex review
- Preserve exact `GoldiFutureEnergyVentures` ID even though the Goldi prefix is not the brand. Explain 2016 lineage versus 2020 launch and later multi-LP independence.
- Review duplicate company/round identities: Chloris and Chloris Geospatial share one July 2025 release; Jua and Jua.ai share one June 2025 financing; Lumenaza and Lumenaza GmbH appear potentially duplicative. Do not count them as distinct holdings by default.
- Correct lead attribution: snapshot flags Chloris and Jua as non-lead; official releases say FEV led/co-led respectively. Use original USD $11 million for Jua rather than an unexplained €10 million conversion.
- SOLshare 2018 and Libryo 2017 records predate the FEV brand. Treat predecessor investments separately until the original investor name is verified; inherited portfolios are not proof that a future firm executed the historical transaction.
- Add fund information with main/Italy split and first-close/target history. Do not add the old €250 million target to the final €235 million or combine portfolio valuation with fund commitments. Legal Fund I/Fund II nomenclature remains unresolved.
- The checked sources do not disclose FEV's individual check for the named transactions. Public fund numbers are not a complete audited AUM reconciliation. Portfolio listings are not complete proof of currently held positions or fund-specific attribution.
- Snapshot roles and other unverified rounds should be reviewed against dated team/company announcements. This report gives substantive verified examples, not an exhaustive transaction ledger.
- Record the negative neurotech finding as search-limited, and reject NeuroBionics conflation. Do not import partner investments from prior firms or unrelated Future Ventures.
All linked sources were accessed 2026-10-06. Undated webpages have that access date; publication dates are stated alongside dated claims. PR Newswire releases are company announcements, not independent editorial reporting. No Adex/database edit or MCP Patch was performed. SHOW MORE
team@apexlogos.ai · 11 hours ago
Match research 2026-10-06 / GoldiFutureEnergyVentures / sha256:20f3bb451d15dccbb56c4ae46f6216b179a2957467db40d364f15ababbc78f9d / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Future Energy Ventures
- Exact ID: `GoldiFutureEnergyVentures`
- Canonical Adex URL: https://adex.page/firms/GoldiFutureEnergyVentures
- Research date and source access date: 2026-10-06
- Status: Complete research for later Adex review; no database changes.
Future Energy Ventures (FEV) invests in digital energy and climate technologies, with a current Series A+ mandate and demonstrated investments in engineering simulation, geospatial sensing, AI physical-system models and power equipment. The latest-known close found is **€205 million Fund II plus a separate €30 million Italian vehicle**, €235 million combined. No verified neurotech investment found in the sources checked. A specific apparent NeuroBionics lead proved to be a mistaken reference to the separate firm Future Ventures.
## Starting evidence and identity
The exact-ID Adex snapshot at `data/research/_sources/GoldiFutureEnergyVentures.adex.json`, retrieved 2026-10-06, describes a Berlin firm formed in 2020 from the E.ON/innogy corporate portfolios. It contains 23 investment participations, 18 roles, no firm-linked rounds, and null check-size fields. Investments include Feld Energy, Holo-Light, Chloris/Chloris Geospatial, Jua/Jua.ai, Buildots, ev.energy, Piclo, Virta, Jungle AI, Oriient, Akselos, SOLshare, Libryo, dabbel, Kugu, Lumenaza/Lumenaza GmbH and Station A. These are starting claims, with duplicates and legacy attribution issues; they are not all newly verified below. Goldi references are discovery material, not independent confirmation.
[NFX Signal firm page](https://signal.nfx.com/firms/future-energy-ventures ), directly read, undated, lists founding in 2020 and locations including Palo Alto, Berlin, Israel and Italy. Its visible current extraction provides co-investors but no substantive team/fund table. The directly read [Veronique Hördemann profile](https://signal.nfx.com/investors/veronique-hordemann ), undated, identifies her as Managing Partner & CFO, shows a $100,000–$5 million range and $1.5 million sweet spot, and records reev Series A in May 2024. Search-index text labels her Investment Partner, whereas the directly retrieved page says Managing Partner. These are profile-specific and potentially stale data, not verified firm-wide dollar mandates.
[Tech.eu, 2020-10-08](https://tech.eu/2020/10/08/future-energy-ventures-launch ) confirms the 2020 launch under the FEV name and combination of earlier E.ON and innogy investments. FEV's [2024 first-close announcement](https://fev.vc/110-million-euro-fund-for-the-digitalization-of-the-energy-transition-established/ ), 2024-01-30, says its activity began in 2016 and describes an independent multi-LP fund with hubs in Berlin, Tel Aviv and Palo Alto. Thus 2016 investment lineage and 2020 brand formation are different dates; preserve both rather than silently replacing one.
## Fund size and stages
| Vehicle/metric | Amount and status | Evidence and date |
| --- | --- | --- |
| Fund II main vehicle | **€205 million closed**, latest-known final close located | [FEV official close](https://fev.vc/fev-closes-e235-million-fund-to-accelerate-the-independent-energy-future/ ), page dated 2025-12-16, text datelined Berlin, November; [Vestbee](https://www.vestbee.com/insights/articles/future-energy-ventures-closes-235-m-fund ), 2025-11-27, confirms separate components. |
| Italian companion vehicle | **€30 million closed**, fully financed by CDP, investing alongside main fund | Same official close announcement. Combined €235 million is across two vehicles, not the main vehicle alone. |
| Fund II earlier first close/target | **€110 million secured**, **€250 million target**, January 2024 | [FEV first-close announcement](https://fev.vc/110-million-euro-fund-for-the-digitalization-of-the-energy-transition-established/ ), 2024-01-30. Q4 2024 projected final close was a forecast, superseded by the 2025 close. |
| Legacy portfolio at 2020 launch | Reported portfolio valuation **€250 million** | [Tech.eu](https://tech.eu/2020/10/08/future-energy-ventures-launch ), 2020-10-08. Do not treat this inherited portfolio valuation as a fresh €250 million closed fund or current AUM. |
| Aggregate capital | Firm newsletter states **$0.6 billion total committed capital across FEV funds** | [FEV newsletter](https://www.linkedin.com/pulse/powering-ai-fuel-from-fev-futureenergyventures-dizff ), published 2026-07-23, discussing H1 2026. Rounded firm claim, not a reconciled AUM figure. |
The [official homepage/FAQ](https://fev.vc/ ), undated, supports Series A and beyond, proven product-market fit, asset-light scalable companies, and frontier technologies including AI, cybersecurity, robotics and advanced computing linked to energy/infrastructure. It gives **€1–5 million Series A tickets** and **€5–10 million later-stage tickets**. The 2025 fund-close announcement emphasizes Series A/B. These current euro amounts take precedence over Signal's person-level dollar range for describing FEV's stated mandate. Historical exceptions exist: [FEV's Feld announcement](https://fev.vc/fev-particiaptes-in-feld-energys-e10m-round-to-further-accelerate-agricultural-photovoltaics/ ), 2025-09-15, explicitly records participation in more than €10 million seed financing; it does not establish a broad current seed mandate.
Searches for a newer 2026 fund close located continuing Fund II deployment rather than another verified fundraise. The 2026-07-23 newsletter names GridCARE, Solarize and Reel as H1 additions. [FEV GridCARE investment insight](https://fev.vc/investment-insights-gridcare-unlocking-grid-capacity-for-the-ai-era/ ), 2026-05-21, describes Stanford-developed grid technology, proprietary utility models and physics-based AI for flexible data-center interconnection. This is an additional 2026 deep-tech candidate with firm-level attribution, although a precise investing-vehicle mapping was not established. [Axios](https://www.axios.com/newsletters/axios-pro-rata-dfd8d7b3-a964-49f5-8d96-6e227ddf0d97 ), May 2026, reports a $64 million Series A including FEV; exact publication day was not established from the indexed excerpt. Exact legal fund names/vehicle numbering need attention: [BGK's 2025 annual management report](https://integratedreport.bgk.pl/2025/assets/pdf/raport_2025_en.pdf ), published 2026, calls its €20 million commitment “Future Energy Ventures Fund I,” while FEV markets the new external-LP strategy as Fund II. Do not resolve this naming discrepancy without legal documents; an LP commitment is not fund size.
## Verified previous deep-tech investments
Deep-tech classification below is a research interpretation of the described technology. Round amounts are total financing, not FEV checks; source marketing performance claims are not independent technical validation.
| Company | Technology rationale | Firm attribution, round and date | Supporting source |
| --- | --- | --- | --- |
| **Akselos** | Physics-based digital twins and structural simulation, based on patented research algorithms; credible engineering deep tech beyond routine SaaS. | FEV named participant in **$16.5 million financing**, announced **2022-05-09**. Source does not label the series. | [Official company announcement](https://akselos.com/akselos-closes-16-5m-funding-round-from-investors-including-at-capital-to-accelerate-global-growth/ ); date supplied by [official news index](https://akselos.com/news/ ). [Tech.eu](https://tech.eu/2022/05/09/swiss-simulation-tech-provider-rakes-in-165-million-to-amplify-transition-to-net-zero-world ), 2022-05-09, corroborates investors. |
| **Jua / Jua.ai** | Proprietary Earth/physical-system simulation model, weather and energy intelligence; scientific AI modeling rather than merely a generic AI application. | **$11 million Series A**, **2025-06-04**, co-led by Ananda Impact Ventures and FEV. | [Official Jua announcement](https://jua.ai/blog/series-a-announcement/ ), 2025-06-04. This corrects the snapshot's USD 10.8 million conversion and supplies date/lead status. |
| **Chloris Geospatial** | Satellite-based forest carbon measurement using proprietary sensor fusion and machine learning; geospatial measurement and quantitative remote sensing. | **$8.5 million Series A**, **2025-07-07**, led by FEV. | [Chloris-issued release on PR Newswire](https://www.prnewswire.com/news-releases/chloris-geospatial-raises-8-5-million-series-a-to-scale-satellite-based-forest-carbon-monitoring-302498338.html ), 2025-07-07. | SHOW MORE
team@apexlogos.ai · 23 days ago
MATCH 
468 Capital
Jua$11M · 2025-06-04
Oriient$11M · 2022-05-11
FORWARD.one
nuventura€25M · 2023-09-05
HV Capital
Feld Energy$10M · 2025-09-15
IBB Ventures
Buildots$60M · 2022-05-17
